Natuzzi S.p.A. (NYSE:NTZ) Short Interest Down 35.3% in February

Natuzzi S.p.A. (NYSE:NTZ) was the recipient of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 3,300 shares, a decrease of 35.3% from the January 31st total of 5,100 shares. Based on an average trading volume of 9,000 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Natuzzi

An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. acquired a new stake in shares of Natuzzi S.p.A. (NYSE:NTZ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned 1.13% of Natuzzi as of its most recent SEC filing. Institutional investors and hedge funds own 6.07% of the company’s stock.

Natuzzi Stock Up 0.7 %

NTZ stock traded up $0.04 during trading on Monday, reaching $4.78. 4,015 shares of the company were exchanged, compared to its average volume of 10,348. Natuzzi has a 52-week low of $3.80 and a 52-week high of $6.49. The stock’s 50 day moving average price is $4.80 and its 200 day moving average price is $4.47.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Natuzzi in a research report on Sunday. They set a “hold” rating on the stock.

About Natuzzi

Natuzzi S.p.A. engages in the design, manufacture, and marketing of leather and fabric upholstered furniture through its own and franchised stores in the United States, Italy, China, Brazil, Spain, Mexico, Canada, Australia, Belgium, the United Arab Emirates, South Korea, Israel, Taiwan, the United Kingdom, and internationally.